West Texas Intermediate fell below $44 after data showed additions to already record-high U.S. oil inventories.» Read More
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Brent crude oil dipped below $92 once again on Friday, as analysts warned that price weakness looked set to continue.
Brent falling through $90 would put Saudi Arabia and other producers in a "real fiscal bind," RBC's Helima Croft told CNBC.
Oil fell, extending a slide that has pushed Brent to its lowest since 2012, as abundant supplies and a strong dollar weighed on the market.
The world's largest economy's trade deficit narrowed unexpectedly in August, due in large part to a record surge in petroleum exports.
Dan Dicker, The Street.com senior contributor, explains why oil prices are likely to keep falling as the U.S. dollar remains strong.
U.S. gasoline prices are the lowest in four years following a drop in crude oil futures, the nation's largest motorists group said.
BP on Thursday asked a U.S. court to reconsider a September ruling that found the company "grossly negligent" for the 2010 oil spill in the Gulf of Mexico.
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CNBC Executive News Editor Patti Domm explains the big moves in the oil market, and why increased U.S. production and a strong dollar has pushed crude into bear market territory.
Oil continued its slide down Thursday, and two pros say they believe prices will continue to fall.
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